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Given the following data: Cost of materials used
$45,000
Direct labor costs
48,000
Factory overhead
39,000
Work in process, beg.
28,000
Work in process, end.
18,000
Finished goods, beg.
28,000
Finished goods, end.
18,000
What is cost of goods sold?
Illusory Correlations
The mental tendency to assume a connection between two factors even if there is none.
Online Trading
The act of buying and selling financial products through an online trading platform.
Market Savvy
Possessing practical knowledge or understanding of the market, often used in the context of making smart business or investment decisions.
Day Trader
An investor who buys and sells securities within the same trading day, often taking advantage of small price movements.
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